Reinsurance News
Marsh news
News about Marsh, one of the world’s leading insurance brokers and part of the Marsh & McLennan group of companies.
News on Marsh’s activities in insurance markets, as a broker, originator, adviser and structurer of risk transfer transactions.
Marsh is also associated with reinsurance broker Guy Carpenter, another member of the Marsh & McLennan group.
Marsh reports 30% increase in transactional risk claims in 2023
26th March 2024
Marsh, the insurance broker and risk advisor subsidiary of Marsh McLennan, has reported that despite the slowest annual period for US dealmaking in six years, its North America team successfully placed 1,046 transactional risk policies. The broker's clients in North America reported 240 transactional risk claims in 2023, representing a 30% ... Read the full article
Marsh unveils cyber group captive for clients seeking more insurance stability
25th March 2024
Marsh, an insurance broker, risk advisor and business of Marsh McLennan, has unveiled Edgware Re Ltd., a group captive insurance company that has been created for organisations "seeking more control and stability in their cyber insurance programs." Based in Bermuda, Edgware Re is a cyber-only group captive that will only transact ... Read the full article
Marsh hires Koen van Leuven as Marine Broking Director, Netherlands
14th March 2024
Marsh, an insurance broker, risk advisor and business of Marsh McLennan, has appointed Koen van Leuven as the Marine Broking Director, Marsh Netherlands. Based in Rotterdam, van Leuven is anticipated to join Marsh in the summer of 2024 and will report to Ivo Wansink, Specialty and Placement Leader, Marsh Netherlands, and ... Read the full article
Marsh Specialty forecasts economic divergence amidst geopolitical uncertainty
13th March 2024
Marsh Specialty's 2024 Political Risk Report has highlighted how long-term uncertainty is stemming from macroeconomic competition and geopolitical insecurity, which is set to create even greater economic divergence between sectors and economies this year. According to the report, a record number of voters heading to the polls this year are likely ... Read the full article
Marsh McLennan Agency to acquire Querbes & Nelson and Louisiana Companies
21st February 2024
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has signed agreements to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. According to the firm, upon closing of the transactions, Louisiana Companies and Q&N’s employees, including George Nelson, Managing Director and Co-owner of Louisiana Companies and Q&N; Mike ... Read the full article
Marsh’s D&O Echo Facility providing clients up to $75m of D&O insurance capacity
15th February 2024
Insurance broker and risk advisor and a business of Marsh McLennan, Marsh, has confirmed that its directors & officers (D&O) Echo facility is now offering clients with enhanced D&O insurance protection, which is being done in order to provide significant financial stability amid continued volatile market conditions and swaying insurance ... Read the full article
Marsh unveils next phase in rollout of its London market digital trading initiative
13th February 2024
Marsh, the insurance broker and risk advising arm of Marsh McLennan, has announced the next phase in the rollout of its digital trading initiative for risks placed in the London insurance market, following a successful pilot in 2023. During the pilot, over $400 million of premium was traded, and Marsh is ... Read the full article
Shannan Fort appointed International Cyber Product Leader, Marsh Specialty
8th February 2024
Insurance broker and risk advisor and business of Marsh McLennan, Marsh, has hired Shannan Fort as International Cyber Product Leader, Marsh Specialty, where she will report to Gregory Eskins, Global Cyber Insurance Center Leader, and Kelly Butler, UK Cyber Leader, Marsh Specialty. Fort's appointment is effective April 1, 2024, and she ... Read the full article
TMHCCI set to onboard employees from specialist MGA Lavaretus Underwriting
7th February 2024
Tokio Marine HCC International (TMHCCI) has reached an agreement with Marsh Specialty UK to take on certain employees of Lavaretus Underwriting, a specialist MGA and Lloyd’s coverholder focused on the shipping, power and energy sectors. Lavaretus reportedly underwrites a range of specialist products for the construction, operational and business interruption ... Read the full article
Marsh names Lorraine Stack as Risk Management Leader, Europe
6th February 2024
Marsh, the insurance broker and risk advising arm of Marsh McLennan, has appointed Lorraine Stack as the Risk Management Leader, Europe, effective immediately. Stack's remit in the new role at Marsh will include responsibility for the portfolio of its largest European clients, supporting them in managing their risk and insurance programmes. She ... Read the full article
Q4 commercial insurance rates up 2%, 25th straight quarterly increase: Marsh
5th February 2024
Global commercial insurance rates increased by 2% in Q4 of 2023 (down from a 3% increase in Q3), marking the 25th consecutive quarter of rate increases, according to Marsh's Global Insurance Market Index. Marsh observed that rates were again "relatively consistent" across almost all regions in Q4, largely driven by a ... Read the full article
Powell opts to stay at Marsh as Global Chief Claims Officer
17th January 2024
Marsh, the insurance broker and risk advisory business of Marsh McLennan, has announced that Rob Powell has resumed his role as Global Chief Claims Officer, based in London and reporting to Pat Donnelly, President, Marsh Specialty and Global Placement. In October 2023, it was announced that Powell would be leaving ... Read the full article
Patrick Hennessy promoted to Northeast Zone Leader, Marsh
11th January 2024
Insurance broker, and business of Marsh McLennan, Marsh, has promoted Patrick Hennessy to the role of Northeast Zone Leader effective immediately. In the role, he is expected to lead the broker's eight offices across the Northeast region of the United States, where he will hold responsibility for client initiatives, new business, ... Read the full article
Marsh launches AI-powered risk financing solution, ReadyCell
8th January 2024
Marsh, an insurance broker, risk advisor, and business of Marsh McLennan, has launched ReadyCell, a risk financing solution that "enables organisations of all sizes to quickly open their own insurance company and take greater control of their risk management." Marsh explained that there is a growing interest among many organisations to ... Read the full article
Andy Stirk rejoins Marsh as US Chief Growth Officer
4th January 2024
Marsh, an insurance broker, risk advisor, and business of Marsh McLennan, has appointed Andy Stirk as its US Chief Growth Officer, effective January 16. Stirk, who has two decades of insurance industry experience, rejoins Marsh from Ascot Group, where he was most recently Chief Commercial Officer, responsible for distribution, marketing, and ... Read the full article
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